Professional Indemnity Insurance FAQs
Here are some of the most frequently asked questions about Professional Indemnity insurance.
Professional Indemnity Insurance (PI) protects your business if a client claims they've suffered a loss — financial or reputational — due to your professional advice, service, or negligence. At Red Apple Brokers, we help businesses like yours stay protected against costly mistakes that could otherwise damage your reputation and finances.
Professional Indemnity Insurance typically covers:
- Negligence or mistakes in your work
- Breach of professional duty
- Defamation, libel or slander
- Loss of documents or data
- Legal costs of defending a claim
At Red Apple Brokers, we help ensure your policy reflects the real risks of your profession — not just a generic template.
If a client suffers a loss and claims you gave incorrect advice or made a mistake, and you’re not insured, you could be liable for legal fees and any awarded compensation yourself. At Red Apple Brokers, we've seen how one claim can quickly spiral into thousands in legal costs. Having cover means you're not facing that risk alone.
At Red Apple Brokers, we recommend Personal Indemnity Insurance to professionals who provide advice, services, or expertise that could potentially cause financial loss to their clients. This includes, but is not limited to:
- Consultants and Freelancers
- Medical and Healthcare Professionals (doctors, therapists, nurses)
- Legal Professionals (solicitors, legal advisors)
- Architects and Engineers
- Accountants and Financial Advisors
- IT and Technology Specialists
- Real Estate Agents and Property Managers
- Marketing and Advertising Professionals
If your work involves giving professional advice, creating reports, designing, or consulting, PI insurance protects you against claims arising from mistakes, negligence, or breaches of professional duty.
At Red Apple Brokers, we help you determine if PI Insurance is right for you and guide you to the best coverage options.